Portware Boosts FX Platform with Enhanced TCA

The firm said the upgrade was driven by demand on the buy side for better execution quality, and for tools to better manage institutional order flow.

Portware announced it upgraded it is FX trading platform with expanded transaction cost analysis and a cloud based-trading solution that offers streamlined connectivity to all global liquidity providers, including banks, electronic communication networks, and interdealing trading platforms.

The firm said the enhanced FX TCA service adds additional reporting and analytics options designed to give traders more insight into how they're performing. Portware also said demand for its FX offering is surging as result of asset managers and pensions funds looking for better execution quality and tools to manage institutional order flow.

"We've already seen record growth in our FX business in 2012 as leading hedge funds, buy-side institutions and brokers around the world embrace our cloud solution and enhanced TCA capabilities to power their FX trading," Portware CEO Alfred Eskandar said in a statement.